Consolidated Statements of Shareholders' Deficit - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total	Series A Preferred Stock	Series B Preferred Stock
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2021	$ 300,000	$ (299,999)	$ (12,772)	$ (12,771)	$ 0	$ 0
Shares, Outstanding, Beginning Balance at Mar. 31, 2021	300,000,000				0	0
Effect of reverse merger	$ 49,990	(206,871)	0	(156,631)	$ 200	$ 50
Effect of reverse merger - shares	49,989,704				200,000	500,000
Stock Issued During Period, Value, Other	$ 143,649	3,447,584	0	3,591,233	$ 0	$ 0
Stock Issued During Period, Shares, Other	143,649,321
Net loss	$ 0	0	(3,644,752)	(3,644,752)	0	0
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2022	$ 493,639	2,940,714	(3,657,524)	(222,921)	$ 200	$ 50
Shares, Outstanding, Ending Balance at Mar. 31, 2022	493,639,025				200,000	500,000
Effect of reverse merger		(206,871)
Effect of reverse merger - shares					200,000	500,000
Net loss	$ 0	0	(50,913)	(50,913)	$ 0	$ 0
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2023	$ 493,639	$ 2,940,714	$ (3,708,437)	$ (273,834)	$ 200	$ 50
Shares, Outstanding, Ending Balance at Mar. 31, 2023	493,639,025

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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NOVAGANT CORP 10-K